Median home prices see largest annual drop in over 10 years

Median home prices in March fell 3.3% from a year ago to $400,528, the largest annual median home price drop since 2012, according to a Redfin analysis of home prices. The effects of inflation, rising interest rates and a market throwing mixed signals is playing out in full force in this spring selling season. At a time when prices rise and demand peaks, this spring reveals cooler prices.